tldr; Blockchain-based IoT projects offer greater trust, scalability and scalability than their predecessors and generate new efficiencies and business value by drawing on data supplied by IoT devices and sensors. By 2030, estimates suggest IoT projects will represent more than $12 trillion in value globally. Big Tech firms like Facebook, Microsoft, Amazon, Apple and Google have monopolized user data.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
One chain is already way ahead – locking all your data on the chain, letting you control it with a secure identity, as you interact with web content smart contracts also served from the chain. Everything has to live on chain for this to work and completely off big tech servers.
This isn’t years away – it’s happening now on the internet computer.
How is Facebook not in that when the online tax companies all sell meta pixel their customers financial data. Also tic tok is the biggest harvester of gen z data.
Unfortunately Binance is making its own monopoly in this space
Thanos would wipe half of the data
Classic, three company monopoly. Straight out of the econ textbook
Umm ok? Guess Binance will control all of it now… soo “good”
Crypto Exchanges like Binance are trying to get the monopoly
And Microsoft is still desperately pushing Edge browser.
We think we’re freeing ourselves from their grasp but in reality it’s just binance pulling us to their own grasp
tldr; Blockchain-based IoT projects offer greater trust, scalability and scalability than their predecessors and generate new efficiencies and business value by drawing on data supplied by IoT devices and sensors. By 2030, estimates suggest IoT projects will represent more than $12 trillion in value globally. Big Tech firms like Facebook, Microsoft, Amazon, Apple and Google have monopolized user data.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
One chain is already way ahead – locking all your data on the chain, letting you control it with a secure identity, as you interact with web content smart contracts also served from the chain. Everything has to live on chain for this to work and completely off big tech servers.
This isn’t years away – it’s happening now on the internet computer.
Well if you use a CEX that’s just another company taking your user data
That’s literally the point of cryptocurrency.
And binance us building their monopoly slowly
How is Facebook not in that when the online tax companies all sell meta pixel their customers financial data. Also tic tok is the biggest harvester of gen z data.
Not yet it isn’t
I’m sure Google and Apple are working hard on this
True.
Raullen Chai wrote this and is also the co-founder and CEO of IoTeX.
This was a sales pitch imo, besides Jasmy is light years ahead in both technology and partnerships. Japan is about to surprise the world.
We will own our data someday soon.
This is just buzzwords with nothing clear being put forward.